{"id":549,"date":"2024-01-10T21:09:24","date_gmt":"2024-01-10T21:09:24","guid":{"rendered":"https:\/\/whatistandfor.co\/LeFachicette\/?p=549"},"modified":"2024-01-10T21:09:24","modified_gmt":"2024-01-10T21:09:24","slug":"us-debt-rating-at-risk-in-2024-because-of-soaring-deficit-political-polarization-fitch","status":"publish","type":"post","link":"http:\/\/whatistandfor.co\/LeFachicette\/us-debt-rating-at-risk-in-2024-because-of-soaring-deficit-political-polarization-fitch\/","title":{"rendered":"US debt rating at risk in 2024 because of soaring deficit, political polarization: Fitch"},"content":{"rendered":"\n<p>Credit rating agency\u00a0Fitch\u00a0said Wednesday it\u00a0expects US fiscal deficits\u00a0to remain high\u00a0this year, and that fiscal policy and governance implications of the presidential elections will be key issues for the country\u2019s sovereign rating.Fitch\u00a0last year\u00a0downgraded\u00a0the US government\u2019s top credit rating to AA+ from AAA, citing fiscal deterioration and repeated down-the-wire debt ceiling negotiations.A major near-term shift to deficit reduction measures is unlikely because of political polarization, said Shelly Shetty, head of Americas Sovereign Ratings at\u00a0Fitch\u00a0Ratings, in a webinar on Wednesday.The US debt rating would be hurt by a \u201cmarked increase\u201d in general government debt, and a decline in coherence and credibility of policymaking that undermines the US dollar\u2019s reserve currency status, she added.Fitch\u2019s downgrade in August, two months after the debt ceiling crisis was resolved, drew an\u00a0angry response from the White House and surprised investors<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency&nbsp;Fitch&nbsp;said Wednesday it&nbsp;expects US fiscal deficits&nbsp;to remain high&nbsp;this year, and that fiscal policy and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-549","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts\/549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/comments?post=549"}],"version-history":[{"count":1,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts\/549\/revisions"}],"predecessor-version":[{"id":550,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/posts\/549\/revisions\/550"}],"wp:attachment":[{"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/media?parent=549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/categories?post=549"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/whatistandfor.co\/LeFachicette\/wp-json\/wp\/v2\/tags?post=549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}